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<br /> . payments may no longer be requir�d,at the opaon of Le:�der.if mortgage insur�nce rnverage(io the amount and for the period �°'`�� � •� '`` �'
<br /> ���..� .t;F ``. , _.
<br /> • � that l.ender requires)provided by an insurer approved by Lender again becomes available and is obtained. Borrower shall pa9 �� ' ,
<br /> � . the pr�_rniums required to maintain mortgage insurance in effecc,or to provide a loss reserve,until the requirement for mortgage �.�i.� `� , ';E;, '•
<br /> " • � insurance ends in accordance with any written agreement between Borrower and Lender or applicaWe law. _
<br /> : 9.Ynspectian.Lender or its agent may make reasonable enuies upon and inspections of the Property. I.eader shall give . '.;:�v•,; .
<br /> <I• -` � .� ; Borrower norice at the time af or prior to an inspection specifying reasonable cause far the inspection. �` _ �'�}• �,,�:_� ' .
<br /> �• --- ' ' 10.CondemasetIoa. The proceeds of any awani ar ctaim for damages, direcc or consequential, in oonnection with any� t.�`',,,. .,
<br /> - `L`�'��''�'`� condemnarion ar other taking of any part of the Property,or for conveyance in lieu of condemnation, are hereby assigned and� _ �
<br /> 4-- . - - shall be paid to Lender. j ' � -
<br /> ` In the event of a total takiag of ihe Properry,the proceeds shall be applied ta ttie sums secured by this Security Instrnment� r�, _,i ,�_� '
<br /> � ' whether or not then due. �i-ith arry excess paid to Borrower. In the event of a partial taking of the Property in which the fai� ' >. ° 4, ?f;:�
<br /> : maricet value of the Property irtuuediately before the taking is equal to or greater than the amount of the sams secured by thi �'��'i�52��� � "'� '
<br /> '...: �.,,.:�. .
<br /> '��,��- ,� . Security Instrument immediately before the taldng, untess Borrower and Lender otherwise ag�ee in writing,the svms secvted b ;:''
<br />- � ` •�..:r this Security Instrument shail be reduced by the amount of the proceeds multiplied hy the following fraction: (a)the to ' �f�'.:<,:
<br /> ' ' � amount af the sums secured 'unmediately before the taking,divided by (b)the fair market value of the Praperty immediatel °� �`� � ����"':_-
<br /> �• . _ . . .
<br /> � � � hefore the taking. Any balance shaU 6e paid to Borrower. Jn the event of a partial taking of the Property in which the fair f��°''�'�.,
<br /> _ . market value of the Properey immediatcty before the tuking is less than the amount of the sucns secured immediately befare the � '� '�=�-
<br /> �' � • taking, unless Borrower and Lender otherwite agree in writins ar unless applicahie law othenvise provides,the pruceeds shall , . � '�°�°
<br /> � � � � •• be applied ta the sunu secured by this Secucity(nsuvment whether oc nnt the sums are then due. _ _
<br /> �� ' If the['raperty is abanduned by Borrower,ar if,afser notice by Lender to Borrower thai the condemnor offers to make an , , = __,
<br />",- . ' award Ur settte a ctaim far damagcs. Barrower fails to respond to l.ender within 3U days after the date the notics is siven. ` ' ' �~'�"-
<br /> • , L.ender is uuthoriu:d ro collect and apply the pmcxeds,at its option.eithcr ta restaration or repair of the P'roperty or to the sums � ' •? -�;
<br /> .. recurecl by thi,Securiry Instrumen�whether ornot thcn duc. , �:.�_.�:_�� ��L;
<br /> — � -� - Unless L.ender and Bor�awe�athenvKe agree in writing. any appliration of proceeds to principal shall not extend or � � �,�,.-
<br /> ost ane the due date of the monthl a menu referred to in ara ra h�i and 2 or chan e the amount of such a ents. ` �
<br /> . ` . P P YpY P S P S FS'm • ��- —
<br /> '' 11.Borro»er Not Rdeased;Forbearance By Lender Not a Waiver.Extension of the time far payment or modifca9ion �`` :�• * , :7 y"``:
<br /> _ � : ' of amortization of the sums secured by ti�is Security Instrument granted by Lender to any successor in interest of Barrawer shall �� �°� "^"R,:;-
<br /> � '� noi o erate to release the lialsilit of the ori inal Barrower or Borrower's successors in interest.Lender shall not be required to � ��- .� ��-
<br /> , •-- • - P Y S • ;-.��'�>.
<br /> � • commence proceedings against uny successor in interest or refuse ta eatend time for payment or otherwise modify atnortization '�`���—----
<br /> ' ' �• of the swns secured by this Security Inswmen[ by reason of any demand made by the original Borrower or Horrower's . • `�`=—
<br /> �' � .,, �, successors in intgrest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the �� '5�-� -
<br /> �.': :.�. '. ..:�` eaercise of any right or remedy. �sru{,: `.' '.i_.�__
<br /> ��,::,`�:u 12. Saccessors and Asslgas Bound; Joint aad Several Lisbility; Go-signers. The wvenanu and a ments of this �'`�'��•;, '`��-�� •
<br />_ S� ,. �-._..
<br /> ' �''�� Security Instrument shall hind and benefit the successors and assigns of Lender and Borrower. subject to the provisions of '�'.�--�;
<br /> . . .�; ,F:�r �`; �.-�..�_'
<br /> �- - . - paragraph i7. Borrower's wvenants and agreemenu shall be joint ar��' �.:veral. Any Borrower who co-signs this Security ^�,,_
<br /> ' instrument but does not execute the Note: (a)is casigning this Secun_�, �.�.strn�ent only to mortgage.grant and convey ttiat ;;�} ` '
<br /> , �--�° - - Borrower s interest in the Property under the terms of this Security dtt=1-�+ment;(b)is aot personaliy obligated to pay the snms �.-�L-
<br /> ,.,.._..... ..: ,..
<br /> '• � '. secured by this Security lnstrument:and(c)agrees that Lender and z:.. other Borrower may agree to extend,madify,forbear or ; ����
<br /> �..„s,s,-
<br /> � .: make any accommadations with regard to the terms of this Securicy i.,s�3vment or the Note without that Borrower's consent. .�;�rs-
<br />',.�,'' 13.Loan Char'ges.If the loan secured by this Security Instrument is subject to a law which sets maaimum toan char�es, , ;�.��,
<br /> �� and that Iaw is finally interpreted so that[he interest or other loan charges wllecced or to be collected in connectian with the ,,•;;!': �;. �:_._
<br /> . loan exceed the permitted limits, then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge ?`�-,'`•'•�'�. �`�
<br /> ,: • ' to the permitted IinuG and (b)any su:ns already wllected from Boaower which exceeiled permitted limits will be refunded to '��'�'• '
<br /> . • • Bonower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct � � '°�
<br /> � - payment to Borrower. If a refund reduces principal. ihe reduction will be treated as a partial prepayment without any `__
<br /> ��S.��'� • ' prepayment charge under the Note. . _ .��7�
<br />' �' • '. 14.No�i�s.Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing • , --
<br /> - -� � , it by first cfass^aaii unless appiicabie faw reyuires u�e vf anotl�er n�ethai.The notice shali be directed to the Propest}+Address � �- ---
<br /> � _ , � . or any other address Borrower designates by natice to Lender. Any notice to Lender shall be given by first class mail to . �•.�� � .�
<br /> .,''�: � . � Lendcr's address stated h:ein or any other address lxnder designates by notice to Borrower. Any notice provided for in this ' � ..
<br /> � � Security lnstrument shall bc dcemed to have been given to Bonower or Lender a�:en given as provided in this paragraph. .;: • .,,. ,
<br /> . : 15.Governlns l.aw; Severability. This 5ecurity lnstrument shall be governed by federal taw and the law of the '� ' . ,
<br /> . • • jurisdiction in which the Property is located. In the event that any provision or clause of this Secnrity (nstrument or the Note .. ' �:�. �
<br /> � conflicts with applicable law,such conflict shaU not affect other provisions of this Security lnstrument or the Note which can be ,
<br /> � � � � given effect without the conflictiag provision.To this end the provisions of this S:curity Instrument and the Note are declared �
<br /> - • � to be severable. .
<br /> � • ', 16.Borrower's Copy.Borrower shall be given one conformed copy of the Note and of this Security lnstrument. . �
<br /> � Farm 3028 9190 � '. .
<br /> - . . Oago 4 016 �
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